22 Wyreema Terrace

Caloundra QLD 4551

What an exceptional find. Very rarely do vacant lots of this quality, size and location come to the market - level land with central convenience - a substantial blank canvas awaits.

Positioned in an area where gentrification and on-going development is strong, this could be a great financial decision to capitalise in this rare and highly sought-after growth area.

Central Caloundra is on the move as an area of choice for investors in search of prime properties to secure, build and hold for future solid rental yields. This southern Sunshine Coast beachside suburb is an established developer?s investment hub, with very limited advanced assets in the region.

22 Wyreema Terrace offers buyers the option to investigate a range of assessable uses to maximise its immediate development potential. Realise on the property?s higher use value and build immediately as a premium addition to your investment portfolio.

With development approval in place for a five townhouse build and the strong demand for investment dwelling in this irreplaceable central Caloundra location, the prospect to substantially increase portfolio income and real property value proves a sound investment decision. Underpinned by Major Centre Zoning, a 18mtr* build height, and a 14.7mtr* frontage, the potential exists to further develop commercial offices, townhouse, duplexes or multi-storey development.
Utilise the available 50%* discount in 2024 on given headworks for this development - a potential saving of $65,500* on headworks costs of $131,000. This is an exciting and unique prospect that is sure to attract the most astute investor, offering buyers the potential to build a substantial income-producing property, or alternatively build the perfect dream home on a prime piece of Caloundra land holding.

Beyond its perfect location, this block is within easy reach of some of the Sunshine Coast?s finest schools, stunning beaches and facilities such as surf clubs, bowls clubs, cinema, events centre, boutique shopping and dining.

As if that wasn't already impressive enough, this prime location also has you just moments from everything you could need and is strategically located just steps away from the 'Village Shopping Centre', with Post Office, IGA, butcher, chemist, bakery, fruit shop and more, offering the perfect balance of convenience and retail access.

With the ultra-low vacancy rates, combined with a low supply of new dwellings, high demand and a rising population have created the perfect environment for savvy investors to capitalise on this land bank opportunity for the future, ensuring long-term value.

Alternatively, this build-ready land provides the ideal canvas for crafting your dream residence. Its central position also makes it a prime choice for those seeking a lifestyle that seamlessly blends coastal lifestyle with suburban convenience. Moments? walk to Caloundra?s CBD shopping and business areas, the beachside and picnic areas of Happy Valley and Bulcock Beach, as well as Caloundra Events Centre and Cinemas for shows and entertainment.

What we love about the property:
- 635sqm parcel - major centre zoning
- Highly valuable CBD location - wide 14.7mtr* east facing frontage
- Rare development opportunity - building height up to 18mtrs* (STCA)
- DA in place for a five townhouse build
- Potential $65,500 discount on headworks costs available in 2024
- Suite commercial office, townhouse, duplex, multi-storey unit development
- Mere steps to local Village Shopping Centre ? walk to everything
- Solid addition to any property portfolio
- 500mtrs to Bulcock Beach and Happy Valley
- 200mtrs* to Caloundra CBD shopping precinct and entertainment
- Short stroll to patrolled surf beach, trendy cafes, restaurants
- 15 minutes* to the Sunshine Coast University Hospital
- 25 minutes* to the Sunshine Coast Airport
- 60 minutes* to Brisbane International Airport

Should you require any further information, please call Yianni on 0420 300 977

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DISCLAIMER: Whilst every effort has been made to ensure the accuracy of information contained about this property, it does not constitute any warranty or representation by the vendor or agent. All information contained herein is gathered from sources we consider to be reliable. All interested parties must solely rely on their own inspections, enquiries and searches with all relevant authorities.